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$ 230,000
Est. payment | /mo
4,375 SqFt
$ 230,000
Est. payment | /mo
4,375 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,375 sqft
Price per Sqft $52
MLS Listing ID 12660583
Year Built 1916
Annual Tax Amount $6,830
Tax Year 2024
Lot Dimensions 25X125
Property Sub-Type Mixed Use
Property Description
**PRE-FORECLOSURE OPPORTUNITY - RECEIVER APPOINTED - CASH OFFERS PREFERRED** Mixed-use investment opportunity located at 3935 S. Kedzie Ave., Chicago, IL. This property is currently in pre-foreclosure, with a court-appointed receiver managing the asset, and ownership is seeking a prompt sale. The building features a spacious banquet hall/event venue on the main level, offering significant potential for event operations, community gatherings, entertainment uses, or redevelopment opportunities. The first floor includes a kitchen area and two bathrooms to accommodate guests and event attendees. The second level consists of seven fully occupied SRO (Single Room Occupancy) units, along with a shared kitchen and two additional bathrooms and the tenants will be moving before the sale. The basement offers substantial storage space and utility areas, while the rear of the property includes a garage and additional parking spaces. The property is being sold as-is and currently has municipal/building violations that will be the responsibility of the buyer to investigate and address after closing. Buyers are encouraged to perform their own due diligence regarding the property's condition, zoning, code compliance, and any outstanding requirements. Located on a prominent corner lot in Chicago's Brighton Park area, this property presents numerous possibilities for investors, owner-operators, and developers seeking a value-add asset with income-producing components. Receiver-appointed sale. Cash offers strongly preferred. Property is being marketed for a quick sale and is best suited for investors, developers, or experienced operators seeking a redevelopment or repositioning opportunity. Don't miss this opportunity to acquire a unique mixed-use property with existing residential income, event space potential, and strong upside in a desirable Chicago location.
Location
State IL
County Cook
Area Chi - Brighton Park
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Building
Dwelling Type Mixed Use
Structure Type Brick
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Listed by Laquan Henley of Keller Williams ONEChicago